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can be averted. if democrats and republicans can come to an agreement on the big fight that's been, frankly, smothering american politics for weeks now. president obama announced earlier today that he wants to see a deal done by tomorrow on the big debt ceiling fight that has consumed every bit of oxygen in d.c. for the last few months. the president saying tonight that congressional leaders are on the clock. they have 24 to 36 hours to get a deal done. as planning a vote that the u.s. government should not default on our debt and shut down, comes down to the wire, we are now inching close enough to the edge here that two of the world's major credit rating agencies have warned that our national credit rating may be downgraded as a result of this standoff. the day that the u.s. would actually hit the debt ceiling and start going into default and shutting down is august 2nd but this does mean we have until august 2nd before we lose our national credit have until august 2 before we lose our national credit rating. that could just happen right now. because of the uncertainty and becaus
is we have a unique opportunity to do something big. we have a chance to stabilize america's finances for a decade, for 15 years or 20 years. if we're willing to seize the moment. what that would require would be some shared sacrifice and a balanced approach that says we're going to make significant cuts in domestic spending. and i have already said i'm willing to take down domestic spending to the lowest percentage of our overall economy since dwight eisenhower. it also requires cuts in defense spending. and i've said that in addition to the $400 billion that we've already cut from defense spending we're willing to look for hundreds of billions more. it would require us taking on health care spending. and that includes looking at medicare and finding ways that we can stabilize the system so that it is available not just for this generation but for future generations. and it would require revenues. it would require, even as we're asking the person who needs a student loan or the senior citizen or, you know, people -- veterans who are trying to get by on a disability check, even as we'
. that means, the big deal. this is the moment of opportunity. this is the window that people have been waiting for, for sometime. where both parties can sit down and resolve this problem, once and for all. we know what the problems are. we spend too much. the president will not get serious about cutting spending. >> greta: there's been e-mails back and forth, yesterday money the media that the president got up and marched off and senator harry reid on the floor refers to leader cantor as childish. is that what has deteriorated to a bit of name calling? >> i think the president was frustrated yesterday. everyone of us around the take are frustrated. the president got frustrated and left abruptly. >> greta: appropriately or inappropriately? >> i think it was fine. i think he decided the meeting was over and go up and left. >> greta: was there any indication the meet something over, we'll talk tomorrow or was it just i'm out of here? >> we had already discussed meeting today. the president is frustrated. my goodness, the rest of us are frustrated too. i've been pushing the president all year to a
ever gets to the point where he's really going to cut the big three. i do give the president a great deal of credit for fighting the republicans like this and standing up to them. they're a reckless party and they don't care if they have another financial meltdown in this country. this is one of the most un-american things i think i have ever seen play out by a political party. president obama is putting politics aside. it's time for the republicans to do the same. i mean, when the president says this may sink my presidency, he's willing to have that happen as long as it saves the country financially. for once, for sure, we can turn to washington and see that there is someone and it happens to be president obama who's willing to put country first at the stake of -- at the sake of possibly losing his base in a very important election cycle and it may, of course, jeopardize his re-election. he's got 77 people in the house who signed on a resolution saying no cuts to the big three and willing to go to war with them as well to save the economy. where are the republicans? for the latest o
, even alien invasions, but this is the big one, folks. increased traffic on two off-peak days. you know what that means, someone might have to walk someplace. [laughter] think of the children. pray for them. i certainly hope los angeles survives because i've got to be out in l.a. or the big angel, as they say, in just a couple months. i don't want to but it's business because this morning i got nominated for an emmy. [cheering and applause] yep. yes. this is what they look like in person. [audience chanting "stephen"] yes. [cheering and applause] i see these people on the red carpet. now i've already got two for the show, so this could possibly lead to an emmy three-way. see. they're all girls. i checked. [laughter] now, "the report" is nominated for best directing, best writing and best late night show. unbelievably we were once again snubbed for outstanding achievement in prosthetic make-up. people just don't realize that under this i'm like admiral ackbar. [laughter] but for the first time, i was nominated twice in the same category, first for "the report," and then again for late ni
casey anthony, big day. she's getting out of jail on sunday. will you be doing some commentary this weekend? or are you taking this weekend off? >> i may very well, but certainly i'll be talking about it on monday morning. >> have a good weekend, whatever you might end up doing. good to see you as always. thank you so much for being here with me in the cnn news room. i of course will be with you tomorrow and sunday. >>> the president said he's willing to think small if he has to in order to break the stalemate over raising the debt limit. also new apologies from media mogul rupert murdoch. he met with the family of a murdered teenager whose phone was hacked by his now defunct tabloid. there are fast-moving developments in this scandal. it's ungulfing his entire news empire. and as casey anthony prepares to get out of jail on sunday, will she shun the media spotlight or will she try to capitalize on her supposed fame? i'm wolf blitzer. you're in "the situation room." >> president obama back at the bully pulpit for the second time this week to make sure ameripay bill. he went bef
says a smaller package of about $2 trillion is more realistic. >> yes it's a big package will require big tax increases. it's a job killer. >> when asked whether or not he thought that they could reach a deal in the next 10 days, the president said "we have to." his press conference is scheduled for later this morning. reporting live on capitol hill, abc 7 news. >> thanks very much. jim moran wants to hear your ideas on how to reduce the national debt. the northern virginia democrat and the nonpartisan coalition are hosting an event in arlington tonight. participants will look at budget priorities and see how they will be affected by the various proposals. and it is 6:06. we have 73 degrees on this monday. >> and when "good morning washington" returns, albert haynesworth's sexual assault case heads back to court. we'll tell you what's next for the controversial redskins player. plus, safety concerns mount after the casey anthony verdict and sentencing. what's being done at the memorial to the florida mother's young daughter, caylee? >> but
the band-aid. eat our peas. >> reporter: of course, taxes remains the big sticking point. the president, though, insisting that nothing would change before 2013 so it would not happen during a difficult economic environment, but house speaker john boehner saying that there's no reason to raise taxes in order to control spending. he believes the best way to get revenue is by improving the overall economy by creating jobs. he says he is willing to get a deal done with democrats and the white house, but, in his words, it takes two to tango and they are not there yet. >> dan lothian at the white house, thanks. >>> the debt crisis overseas sending a chill through wall street this morning. less than half hour before the opening bell, u.s. stocks may be headed for another rough day. ali velshi is joining us live from new york. ali, what does it mean? >> well, you know, first of all, futures seem to be leveling out a little bit, kyra. a couple of things going on here. one as dan was just saying, we just heard from the treasury secretary who is making a speech and he says he is expecting a deal
's right. you know, the big point of contention yesterday was with house majority leader eric cantor pushing for this short-term deal or a series of short-term deals. the president, according to democratic sources familiar with the talks, made it clear that that is something he does not support and something he would veto. the president has, for the last few days, and certainly weeks as well, been pushing for the biggest deal possible where it it seemed to get some support. of late, it has not. the president believing if you start talking about the short-term deals, you run into the political season where you negotiate the things all over again. if you can't get this done now, how will you get this done in the thick of the political season? tense discussions yesterday. the president agitated and believing that republicans are using the debt talks to make political points. the president making the point, according to those inside the meeting, that this kind of atmosphere just confirms some of the worst fears that americans have about the way washington works. >> well, yeah. the way wa
of doing something big to change america's unsustainable economic path. what do you think? do that you think that opportunity is lost? >> well, a week is a long time in politics. it can be a lifetime, as you know. i think the big deal, the grand deal, the grand bargain of $4 trillion over four years is dead, it's gone. i think the chances of getting a deal at 2.5 are 2. the middle double deal, very unlikely, because the president does not want to go that high without tax increases and republicans are not going to do it. here's the question that is coming out. and that s. the house republicans are now pushing a very, very tough deal through the house. the -- over on the senate side, the republicans are working to get a version of the mcconnell plan. and the president will accept that as he said in his news conference on friday. but whether the house republicans would accept that or not, it's a big, big question. it seems to me that's the lead horse. that's the lead solution, a version of the mcconnell plan, with throwing in the spending which i think would be a good idea which leaves $1
street is worried about washington. late wednesday moody's one of the big three credit rating agencies warning it might have to lower the rating if lawmakers don't come to an agreement on raising the debt ceiling. in the statement it said the action was prompted by the possibility that the debt limit woil not be raised in time to prevent a missed payment on u.s. bonds with a small but rising risk of ashort-lived default. economists say if the aaa rating is lowered it will throw the financial markets into chaos and the cost of borrowing would go up to everything from morlts to car loans. ben bernanke warned. >> i think the worst outcome if we don't raise the limit, at some point we default on debt and that would create as i said before, a huge financial calamity. >> reporter: sources say the president knew about the moody's warning as he headed into wednesday meeting which all sides describe as tense. republican majority leader eric cantor cited the president as saying i have reached my limit. he left saying i'll see you tomorrow. the two sides couldn't even agree about what happened in
. >> the proposal would have budget sate h savings of $500 million. -- $500 billion. also it calls for big changes to medicare and social security. >> i think at the end of the day, what the overwhelming majority of americans are saying, fix this. and if it takes a little compromise from both. >> but the is plan faces a harsh reality. tough procedural obstacles means the proposal won't be ready ahead of the august 2 debt ceiling deadline. and a key block of conservatives is already saying no way. >> we know it's going to hurt job creation. we know it's bad for small businesses. we're not going to go for this type of plan. >> with time running out, harry reid, who is still work on a fall back plan with mitch mcconnell says he's now waiting for a signal from house gop leaders. >> we have a plan to go forward over here, but until we hear from the house of representatives, we really are -- all of our work here would be for not. >> now there is also talk of folding elements of the gang of six plan into this so-called fallback plan being worked out between senators reid and senator mitch mcconnell. but
program and is expected to open september 15th. increased traffic in the area is a big concern. the department of defense is making millions of dollars available to communities that will be impacted by brac. congressman chris van holland says he expects the department of defense to explain how municipalities can apply for that money later this week. >>> when we come back tonight on news4 at 6:00, a murder suspect is back behind bars this evening after beating the system, despite a sophisticated bracelet system. >>> we have proof that walking in the streets of the nation's capital can be dangerous in the height of the tourist season na. >>> we're getting a new look tonight at a stage collapse during a packed concert. ♪ happy birthday to you >>> and today an entire nation helps to make the birthday wish of nelson mandela come true. >>> and hakem, what's going on in sports tonight? >> jim, coming up in sports, the nfl labor stand offis inching closer to a resolution. the washington kastles trying to stay unbeaten in tennis and what the head coach had to say after her team, the u
, and they're not a big problem for her. >>> bachmann surged into second place among 12 republicans. mitt romney remains number one at 30%. bachmann is at 16%. that's a big difference from a month ago when she was at 3%. texas governor rick perry comes in third, but he hasn't even decided on a presidential run. >>> today the army major accused of going on a shooting rampage at ft. hood in 2009 will be formally charged. former major nadal hasan will be arraigned today on 13 points of premeditated murder and 32 counts of attempted premeditated murder. hasan will get to enter a plea, but because he faces the death penalty, military law requires him to plead not guilty. attorneys for hasan say they may use an insanity defense. that trial expected to start next march. >>> this morning a taliban spokesman is denying reports the group's leader is dead. the spokesman says a text message sent to journalists claiming the insurgent leader mullah omar had died is fake and the result of a phone hack. rumors of omar's death began to circulate when the text message announced the quote commander of the m
the road so we did not end up in this fiscal mess. >> everyone is going to the movies and a big story in the country right now and it relates to what is going on in the debt battle, the white house versus congress right now, battling, and president and cantor, reminiscent to harry potter and it ends this week. there is president obama versus speaker boehner. >> it would be terrifying if they had magical powers. how scary. >> who would be harry potter? >>dave: we will give you an idea, we compared the two in a roll out of this battle versus harry potter. look at this. >> i've been hearing from my republican friends for some time it is a moral imperative to tackle our debt and deficit in a serious way so i have said to them, let's go. >> we are in a crisis. >> i'm voting "no," on the debt ceiling. >> failing to raise the debt ceiling would be armageddon. >> i will not sign a 30-day or 60-day or 90-day extension. >> this debt limit increase is his problem. >> failure is not an option. >> this could have been avoided. >> you think you can hold the government ransom? >> we will in the supp
very quick. mitt romney is on top. coming in second is the big surprise, rick perry. he's coming in at number two, don. the gop horse race is big, big news right now. >> that's mark preston. we appreciate it. >>> for more "cnn newsroom" i'm joined by fredricka whitfield. when you say, fred, it's not going to be good. we have breaking news you'll be following and other stuffs. >> thanks so much. see you over the weekend as well. breaking news from studio 7. i'm fredricka whitfield in for suzanne malveaux. two explosions have rocked central oslo in the last hour wounding at least eight people. reports from norway say govrt buildings were targeted, one houses the prime minister's office and most of the windows were blown out. reuters reports a mangled car outside one building suggesting a possible car bomb. reuters reports the prime minister is safe. cnn is following the developments for you from london. what more do we know about how this happened and why? >> reporter: the information is still trickling in from oslo at this point. the police have issued a stam saying that there are
, this backup plan could be left as the last option standing. but the big question is always, wolf, will it pass the house? can it pass the house? and this seems to be another example of just how divided the republican party is on this issue. >> yeah, it's a huge, huge division right now. going forward, this debate, we'll see what happens. kate, thanks very much. let's check in with jack right now. he's got the "cafferty file." >> despite that nasty game of chicken going on in washington over raising the debt ceiling. congressional leaders in both parties pretty much agree that doing it is going to be necessary. the argument is over what else goes into the bill that's tying them up and bringing the country dangerously close to defaulting on some of our loans. according to a new poll, 40% do not want the debt ceiling raised and they want their members of congress to vote against any measures that raise it. only 22% want their lawmakers to vote for raising the debt ceiling. and more than 1/3 of americans say they're just not sure. when asked which is a greater concern, 51% say raising the debt cei
the world cup final. >> big victory to talk about. >> that's it for us. "cnn newsroom" begins right now with kyra phillips. you have a busy morning. >> we do. a lot to talk about. it's 9:00 a.m. on the east coast and 6:00 a.m. on the west coast. thanks for joining us. >>> the nation's debt crisis. the clock ticks and pressure builds. the president tells the congressional leaders you have 24 hours or less to make something has been. >>> a top murdoch executive resigns this morning. rebekah brooks former head of the disgraced tabloid "news of the world" is gone. >>> in southern california, drivers buckling up for carmagedd carmageddon. a bridge demolition that will close down 405, one of california's busiest highways. >>> we begin with the resignation of a key executive in the rupert murdoch media empire. rebekah brooks is out. many people were outraged when brooks kept her job after the newspaper was shut down for scandalous reporting tactics. and as brooks steps down, the investigations ramp up. the fbi now investigating the murdoch empire right here in the united states. lawmakers dema
to look at it. if i can dial out for a minute and give you a big picture perspective, despite this tit for tat and all this political spinning going on, there is still a meeting scheduled at the white house tomorrow, as far as we san antonknow, all sides are planning to come here and they will be discussing detailed spending cuts and for the first time, this discussion of tax changes. will there be revenue on the table, a major controversial issue. despite all this, there could still be potential progress towards one of these deals tomorrow. we'll see. >> you answered my last question. we'll check back with you later on. they might want to start with decaf tomorrow. >> let's go to our top story now. this is an important thing for all of us to be aware of. this in-depth look at the rupert murdoch scandal as it begins to reverberate in america. we thought it might and indeed it has. murdoch withdrew his bid for bskyb amid the most disturbing allegations that emerged. according to a british paper, journalists from the news of the world approached a new york private investigator to buy pho
. no we won't. we have money to pay it, pay it take that issue off the take. here's the big issue, the president doesn't want to have to be confronted with priorities in spending. because he has a lot of chutzpah. he spent a trillion on stimulus, it failed. he spent a trillion and a half every year on deficits, they are his. also obamacare trillions of dollars this is his spending. he's gotta own it and deal with it. >> greta: i think the president genuinely wants to make sure people don't get hurt. >> we all do. we all do. >> greta: i don't think he's necessarily playing politics some would say he worries if we take some money out of this program it is going to hurt somebody, they all have costs every time we take has costs. >> my point was, this president has added trillions of dollars. we wouldn't be in this crisis right now if he wouldn't have spent that trillion on stimulus, trillion and a half more than he should have on the budget and trillions more on obamacare. but for those trillions in spending, we wouldn't be in this mess. we would still be in a bad spot, nowhere near
a controversial last choice option to end the stalemate. >>> how big was it? word this morning the number of possible victims involved in that hacking scandal in britain could be in the thousands. this morning one celebrity who says he was a target, hugh grant, speaks out in a live interview. >>> and we need aboat. a huge 18-foot-long saltwater crocodile leaps out of the river to the delight and terror of tourists. and the photographer who took the picture says it's no croc d the picture says it's no croc d day. captions paid for by nbc-universal television >>> good morning. welcome to "today" on a wednesday morning. i'm matt lauer. >> i'm ann curry. boy, the gloves are off in washington. the move could be more today because the president and top congressional leaders are going to go back to the negotiating table yet again. >> that's right. the republicans were not at all happy with the president's comment on tuesday. now senator mitch mcconnell has offered that last chance option. we're going to tell you what he is offering straight ahead. >>> also this morning matt, it was a deadly cras
woman is in big trouble with the law after she attacked a judge in court. here's her violent outburst. >> you will be held in contempt. >> don't care. i haven't done anything to this court or anything to him. >> court security officer, the man on the left of your screen was the first to reach the woman. they took her down. i talked with him earlier and asked what did the judge said to make her go ballistic. >> the judge was telling her to stop using foul language and if she kept using foul language in her court then she would be held in contempt and face more charges, and the lady was very upset already and she just basically disregarded anything the judge said and continued to talk. >> you've been doing this for a while now. have you seen anybody react this way especially towards a judge? >> i have seen people react this way but only in training videos, and training us. not in actually any courtroom i've worked in in the 3 1/2 years i've been there. >> when you grabbed her and you subdued her. what happened? was she remorseful? did you have to take her away. >> she wasn't remorseful.
connell is also catching flak. presidential candidate newt gingrich called it an irresponsible surrender to big government and continued overspending. are the republicans handing the president a hot potato or a blank check? we'll have more on that. first, here are the other stories we're looking into tonight. the ultimate game of hide and seek. the cia in pakistan using dna to track the most dangerous terrorist in the world. >> sounds like it's straight out of a spy novel. >> but the story is fact not fiction. and republicans held hostage by the tea party. i'll ask one of their leaders, dick armey, will their hard-line position on the debt ceiling take down the gop, along with the rest of the country? then off with his head. in england, that's how parliament once dealt with the king. now they're after the head of another great empire. will rupert murdoch keep his crown? we'll discuss that later. now back to the top story, the partisan gamesmanship ramping up in debt ceiling talks. did they accomplish anything tonight? >> i wish i had a different answer than i had last night but again no breakth
is a big question and when we should be jumping to conclusions about. >> giuliani is also a longtime friend of rupert murdoch. >>> now the nation's debt crisis and a new deadline. forget august 2nd. the president says it's decision time now. here is what he told congress. you've got 24 hours or less to move forward on a deal. and then there is this dire message from the big three global credit ratings agencies. if a deal isn't reached soon, they will downgrade the nation's credit standing. the president speaks to the american public today. a news conference less than two hours away from now. 11:00 eastern. we will carry it live. >>> let's get to the white house and dan lothian. what do we expect the president on say come 11:00? >> reporter: well, a senior administration official telling me the president will be explaining to the american people where they really are in this process, what he has asked congressional leaders to do, and how he is still pushing for the biggest deal possible. another white house aide telling me the president will continue in that press conference to make the case
this if there is a framework. they are pushing for something big. trils of dollars in deficit savings the course of ten years. reminder of the moving parts that a deal like that would require the next several days major spending cuts, tax reform, entitlement reform and if democrats in the white house were to get their way, tax increases. you can see that is pretty much a heavy lift and so you still have a lot of people looking to a more modest deal that the top democrat and republican in the senate, harry reid and mitchell mcconnell are trying to work out which would be more spending cuts and perhaps more modest and perhaps giving the president the unenviable position to have to increase the debtcele himself with a minority support from congress. >> brianna keilar, thanks. >>> government is scrambling to pay its bills here is something americans don't want to hear. billions of dollars in your tax money is being wasted in afghanistan or worse. a new federal audit says that some of that cash may be funding, are you ready for this? the same insurgency that is killing americans. chris lawrence is at the pentagon
't answer. i don't know. >> reporter: at one point, murdoch claimed his company is too big for him to know the details of each business. >> "news of the world" say small percent of our company and i'm employing 30,000 people around the world and i'm spread watching and appointing people in my trust. >> reporter: james defended executives rebekah brooks who resigned last friday. both led british newspaper's arm. >> there's no evidence that i'm away of that ms. brooks or mr. hinton or any of those executives, had knowledge of that. nonetheless, those resignations have been accepted. >> reporter: later in the day, brooks faced questions by herself from the same panel. she was arrested on sunday over allegations of phone hacking and payments to police for information. she, too, denies any knowledge of wrongdoing. >> i have never paid a policeman myself. >> reporter: but for the murdochs today's questioning was about salvaging news corp.'s reputation, a business rupert brought up with one paper. >> i was brought up by a father who was not rich but a great journalist. before he died, it was a sm
the cloud-- big clouds, small ones, public, private, even hybrid. your data and apps must move easily and securely to reach many clouds, not just one. that's why the network that connects, protects, and lets your data move fearlessly through the clouds means more than ever. >>> jack cafferty is here with "the cafferty file." >> in 2008 president obama promised to get all troops out of the iraq by the end of this year. after winning the presidency, he vowed to keep that promise. now is the deadline for military withdrawal approaches, he's apparently prepared to break that promise. gee, what a surprise. he's offering to leave 10,000 troops in iraq indefinitely. the white house says it's concerned that the planned pullout at the end of the year could spark violence and trigger militant attacks there. and don't forget all that oil. any extension of u.s. military presence depends on a formally request from the iraqi government. so far no request has been made, but the pentagon wants to give the prime minister and his government time to decide, so if they need the help, there's time to plan
: the presidentnt continued to push for a big, painful deficit reduction package. >> we have a unique opportunity to do something big. >> reporter: and for the first time publicly, he detailed a specific, possible cut to a popular entitlement program. can you tell us one structural reform that you are willing to make to one of these entitlement programs that would have a major impact on the deficit? >> i've said that means testing on medicare. meaning, people like myself, you can envision a situation where, for somebody in my position, me having to pay a little bit more on premiums or copays or things like that would be appropriate. and again, that could make a difference. >> reporter: even with the suggestion, negotiations are at an impasse. house republicans are refusing to increase any taxes and insist the president is not serious about cuts. >> we asked the president to lead. we asked him to put forward a plan, not a speech, a real plan. and he hasn't. we will. >> reporter: the race is on to figure out a way to raise the debt ceiling without an agreement to reduce the deficit. and what happen
at the squabbling politicians letting the debt deadline take the economy to the brink. and one big message was delivered today. the markets, the dow dropped almost 100 points, as worried investors pulled out. they're watching that clock, you see, right there, ticking down to the august 2nd deadline for a debt deal. and in another scramble for safety, people are rushing to invest in gold. prices up as never seen before. here's abc's john berman. >> reporter: the partisanship, politicking and lack of progress in washington might already be taking a toll on your personal bank account and 40101 the stock drop today -- the first sign investors are saying, "we're mad as hell, and we're not going to take it anymore." >> the impatience and frustration is clearly getting there. >> reporter: wall street has a way of voicing its displeasure, and it's downright ugly. remember september 2008 when congress failed to pass a bank bailout? stocks cratered, nearly 780 points that day. >> 3.5 million -- >> reporter: we are not there yet, but there are other unnerving signs -- call it a canary in a goldmine.
warned failing to reach a deal would be catastrophic. >> we need to do something very big, very substantial to bring our long-term deficits down. >> arizona congressman is the co-chairman of the house progressive kau sus. thanks for joining us today. i want to play a little bit more sound from the president during his news conference and i want to get your thoughts. >> thank you. >> i do not see a path to a deal if they don't budge, period. if the basic proposition is it's my way or the highway, then we're probably not going to get something done because we've got divided government. >> how did he do? is the president digging in his heels? who do you think will blink first? >> i hope that essential programs that democratics have been supporting that we feel have been the only things that have been talked about, social security, medicare, medicaid that i hope he does dig in his heels. there has to be revenue generation. the tax policies of the republicans have got us into this mess, into this debt there is no job creation going on regardless of those tax cuts. we need jobs that's
jones industrial average stock market especially the s&p stocks. these are the big boys on the block, the top 500. they issue dividends right now and the balance sheets look good and they are profitable and undervalued. that is good place to go. >>stuart: i heard going into the big name, big american-based multinational corporations, they are safe. but, if you put your money into a lost them over 10 years, you have gone nowhere and sometimes you have gone down. >>guest: well, of course, there is that element of risk. yet when you look at the companies right now they have already adjusted for the things in the marketplace right now. you are looking at emerging economies that could be slowing down. you are looking at the debt ceiling, the issues that are going on with that and you are looking at sovereign debt. and a lot of the big companies have already adjusted for that and so they are relatively cheap such as boeing and mcdonald's and caterpillar. >>stuart: you buy gold at $1,550 and big multicorporation stocks would you buy a bank cd and earn a miserable 1 percent and sleep safely?
are still growing? coming up, the big business of children's gym memberships and the dangers of lifting too much weight too soon, matt. >>> let us begin on a tuesday morning with rupert murdoch, forced to answer some very difficult questions in parliament today. nbc's stephanie gosk is in london with a preview. stephanie, good morning to you. >> reporter: good morning, matt. well, the questioning is set to begin in a couple of hours, just behind me. but ahead of the testimony, news corporation released a statement saying they take the allegations against "news of the world" seriously and are cooperating with authorities. but they reject any suggestion that what happened at the paper is somehow a reflection of the culture at the company. it is an unlikely faceoff. the head of the world's second largest media company, rupert murdoch, questioned by a small panel of british politicians over phone hacking at one of his papers. broadcast live, the world will be watching. >> i wouldn't underestimate. he's deceptively mild, but also extremely astute, as well. of and so he'll give, i think, probably
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of these guys are very big. >> right. >> reporter: are you afraid? >> i don't have any fear of getting beat up. i just have fear of, like -- i think they can just look at my sideways and i would melt with fear. >> brett favre was so old, he remembers the first brett favre is old joke. >> he kind of stone faced me in the audience. i made the mistake of looking at him. he gave me a laugh later. >> reporter: he does have some recent experience working tough crowds. >> what happened to you? when you were sworn in you looked like the guy from the old spice commercials. now you look like louis gossett sr. >> the white house correspondents dinner was more intimidating because who was there. people that can use the irs to investigate you. people thahacan, you know, deny you permits. >> reporter: and, of course, people like donald trump. he went after trump hard. >> donald trump has been saying he will run for president as a republican, which is surprising, because i just assumed he was running as a joke. >> reporter: don't trtrump didn to love the jokes. >> based on nonverbal communication, i would ag
in these camps. if your big focus is on food, and that has to be the number one problem here, you can give money to the world food program. they're feeding people in these camps right now. if your focus is on medical support and people arriving with common infections and things like measle, you can give money to doctors without borders.s. they're vaccinating, providing care, in the camps. if you just want to make sure the camps survive, you can give money to the international rescue committee. they're working in the camp we just saw. >> you have vetted the organizations for the amount of money they senento the region and actually put on the ground and the amount they give to organizations? >> that's so important. you want to make sure they have low overhead. these all do. these camps are doing great work. the problem's not going away soon. the soonest they predict there will be rain in somalia will be october. i've put on the web more information about these sites as well as others i think are doing a terrific job. abcnews.c abcnews.com/help. >> so check out dr. besser's recommendations for help
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